ASSET PURCHASE AGREEMENTAsset Purchase Agreement • September 17th, 2013 • Daily Journal Corp • Newspapers: publishing or publishing & printing • California
This ASSET PURCHASE AGREEMENT (this “Agreement”) is made as of September 13, 2013, by (a) Daily Journal Corporation, a South Carolina corporation (“Parent”), (b) Technology Acquisition Corporation, a California corporation and a wholly owned subsidiary of Parent (“Acquisition Sub”), (c) ISD Corporation, a California corporation (“Seller”), and (d) with respect to Articles 3A and 6 and Sections 5.1, 5.2, 5.3(d), 5.7 and 5.9, ISD Investments, LLC, an Alaska limited liability company wholly owned by Hans Imhof (“ISD Investments”), Hans Imhof (“Imhof”), Ronald C. Beach (“Beach”) and Mark Nielsen (“Nielsen”) (each, a “Stockholder” and, collectively, the “Stockholders”). Parent, Acquisition Sub, Seller and the Stockholders are sometimes individually referred to in this Agreement as a “Party” and collectively as the “Parties”.
